Floods aren’t super common in New Mexico, but they do happen. Many people remember the aftermath of Hurricane Doly in 2008 and the record monsoon season in 2006.
For this reason, you might be looking for renters insurance with flood coverage in New Mexico. It’s been a few years since the last one and the area is due, right?
Well, natural disasters don’t quite work that way, but with a history like ours, it is a good idea to have coverage. Let’s take a look at cheap renters insurance with flood coverage here in New Mexico.
What Is Renters Insurance with Flood Coverage?
First, what is New Mexico renters insurance with flood coverage? This is a policy rider that covers a renter’s personal belongings up to $100,000. It is only available in communities that participate in the National Flood Insurance Program (NFIP). FEMA maintains a list of participating communities.
Keep in mind that a standard policy with typically cover water damage due to some other cause, such as a pipe bursting in the home. However, to be covered for flooding, you need an additional policy.
1. Better Flood Insurance
Even if you already have some type of flood insurance through the NFIP/FEMA program, Better Flood Insurance encourages policyholders to submit their information. They claim that many companies don’t write their policies to take full advantage of the NFIP/FEMA program.
Find out more information here and if you could be getting better coverage for less money.
2. The Keller Agency
The Keller Agency offers flexible flood insurance policies. Flood insurance policies are determined by the home’s location. However, when you are looking for a renters policy, it is important to be aware that you are getting coverage only for what you need. As a renter, you don’t need to cover the building and grounds, just your belongings.
The Keller Agency offers policies that are built on your personal needs. When you’re looking for New Mexico renters insurance with flood coverage, this is a great place to start.
3. Woods Insurance Services
Woods insurance services is another great insurance company with offices in Farmington, Hobbs, and Cortez. Renters will get the coverage they need to ensure peace of mind that their belongings are covered in the event of a disaster. As with all NFIP/FEMA policies, clothing and personal items are covered.
Looking for Renters Insurance with Flood Coverage in New Mexico?
The cost of renters insurance with flood coverage can vary depending on the company that you buy it from. Always be sure to shop around and check rates (and make sure you’re getting similar coverage) to ensure that you are getting the best deal. After all, nobody likes sending money down the drain for no reason!
Do your due diligence and pick out the best company for your needs. However, the most important thing is to ensure that you have enough coverage to protect your belongings.